Cointelegraph.com
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Cointelegraph.com - 15:00 Aug 02, 2025
China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed to position Hong Kong as the dominant virtual asset hub and China’s strategic market operator. Read more -
Cointelegraph.com - 13:30 Aug 02, 2025
A Bitcoin whale likely moved 80,000 BTC from dormant wallets after alarming OP_RETURN messages were sent across multiple old addresses. On July 4, 2025, eight Satoshi-era Bitcoin wallets moved a total of 80,000 BTC. Each wallet contained 10,000 BTC, sparking inevitable turmoil in the cryptocurrency space. The Satoshi era is generally considered to span the years 2009 to 2011. During that time, Bitcoin (BTC) could either be transacted or mined with regular computer processors. Eight dormant Bitcoin wallets each sent a transaction of about 10,000 BTC recently. This has led to speculation that threats from quantum computing caused the transfers. Read more -
Cointelegraph.com - 11:29 Aug 02, 2025
With Bitcoin’s hashrate near all-time highs, solo miners continue to land full block rewards, thanks to efficient ASICs and a heavy dose of luck. Solo miners have been defying the odds, successfully claiming full Bitcoin block rewards even as the network hashrate hovers near all-time highs. As of this writing, the Bitcoin (BTC) network’s hashrate is hovering around 902 exahashes per second (EH/s), just below its all-time peak, according to Blockchain.com. The figure shows growing competition and higher difficulty, suggesting that single miners face steep odds to win a block. However, last week, a solo miner defied these odds, securing block 907,283 via the Solo CK pool and earning the full 3.125 BTC reward, worth over $372,000 at the time. The miner also received an additional $3,436 in transaction fees. Read more -
Cointelegraph.com - 09:56 Aug 02, 2025
ARK Invest bought $30 million in Coinbase and $17 million in BitMine shares on Friday amid price dips. ARK Invest has seized the recent stock market dip to boost its stakes in major US crypto exchange Coinbase and Bitcoin miner BitMine Immersion Technologies. The Cathie Wood-led firm added a total of 94,678 shares of Coinbase (COIN) across three of its funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), according to trade notifications seen by Cointelegraph. The purchase, worth around $30 million, came as Coinbase stock plunged 16.7% on Friday, closing at $314.69, its worst single-day performance in recent months. COIN hit an intraday low of $310.55, significantly below its 52-week high of $444.64, according to data from Google Finance. Read more -
Cointelegraph.com - 06:46 Aug 02, 2025
Bitcoin ETFs saw $812 million in outflows, led by Fidelity and ARK, while Ether ETFs ended their longest inflow streak with $152 million in losses. Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products. The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s (BTC) market capitalization, according to SoSoValue. Fidelity’s FBTC led the exodus with $331.42 million in redemptions, followed by ARK Invest’s ARKB, which saw a substantial pullback of $327.93 million. Grayscale’s GBTC also lost $66.79 million. BlackRock’s IBIT posted a relatively minor loss of $2.58 million. Read more -
Cointelegraph.com - 04:47 Aug 02, 2025
Mill City Ventures III announced a $500 million equity agreement to boost its SUI treasury, which currently sits at 76.2 million units after making its first $276 million purchase this week. Nasdaq-listed Mill City Ventures III may raise another $500 million under an equity agreement to fund its recently announced Sui treasury strategy — however, the news triggered a double-digit fall in Mill City’s share price. The finance firm’s announcement on Friday came shortly after raising $450 million earlier in the week, which was used to buy its first batch of 76.2 million Sui (SUI) tokens worth $276 million. “This equity line is intended to give us the firepower to scale our position as the only Sui treasury on the market with an official Sui Foundation relationship,” the firm’s chief investment officer, Stephen Mackintosh, said: Read more -
Cointelegraph.com - 01:39 Aug 02, 2025
DeFi Education Fund called on the Senate Banking Committee to frame a key crypto market bill in a more tech-neutral way and strengthen crypto developer protections in a recent letter. Crypto lobby group DeFi Education Fund has called on the US Senate Banking Committee to rethink how it plans to regulate the decentralized finance industry after reviewing its recently published discussion draft on a key crypto market-structure bill. The response, signed on behalf of DeFi Education Fund (DEF) members including a16z Crypto, Uniswap Labs, and Paradigm, said the Responsible Financial Innovation Act of 2025 (RFA) bill should be crafted in a more tech-neutral manner, that crypto developers should be protected from “inappropriate regulation meant for intermediaries,” and that self-custody rights for all Americans are “essential.” Legislation should “address illicit finance but not unfairly burden DeFi innovation,” it added in the Friday letter addressed to Senate Banking Committee Chairman Tim Scott and Senators Cynt... -
Cointelegraph.com - 22:41 Aug 01, 2025
The company continues to accumulate BTC through corporate equity and debt offerings, but class action lawsuits against Strategy are mounting. Bitcoin (BTC) treasury company Strategy has expanded the scope its STRC offering twice since issuing the corporate security on July 22. The company announced an at-the-market offering of up to $4.2 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), a hybrid corporate security, to purchase more BTC on Thursday. STRC is a dividend-paying security with variable yields that has no set maturity date and can be called or redeemed by the company under specific conditions, making the terms of repayment flexible, according to Thursday’s announcement. Read more -
Cointelegraph.com - 22:21 Aug 01, 2025
With officials urging companies to “reshore crypto,” global companies are expanding US operations as the Trump administration rolls out pro-crypto reforms. Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth. In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to “reshore the crypto businesses that fled,” reinforcing a broader effort by the administration of President Donald Trump to position the US as a global hub for digital assets. Treasury Secretary Scott Bessent said on Friday that the US has entered the “golden age of crypto” and issued a direct call to builders: “Start your companies here. Launch your protocols here. And hire your workers here.” Read more -
Cointelegraph.com - 21:32 Aug 01, 2025
The roundtables, scheduled to be held in 10 cities, will focus on crypto startups less than two years old and with 10 or fewer employees. US SEC Commissioner Hester Peirce will hit the road this fall, leading a 10-city tour as part of the Securities and Exchange Commission’s new crypto outreach initiative. The regulator announced a roundtable series on Friday aimed at gathering feedback from industry stakeholders, developers and investors as the agency weighs future digital asset rules. “The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible,” Peirce said in a statement. The agency's crypto task force is “particularly interested” in meeting with crypto startups less than two years old and with 10 or fewer employees. The roundtable discussions will take place between August and December. Read more -
Cointelegraph.com - 20:45 Aug 01, 2025
Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it's a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%. These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposure to stablecoin issuance, custody, trading, or related infrastructure. Still, some local experts view the correction as a positive market adjustment. Read more -
Cointelegraph.com - 20:33 Aug 01, 2025
Adriana Kugler steps down from the Federal Reserve Board amid mounting political pressure and renewed uncertainty over Jerome Powell’s leadership. Federal Reserve Board of Governors member Adriana D. Kugler has announced her resignation, stepping down during a particularly sensitive moment for the US central bank as President Donald Trump continues to challenge the long-standing tradition of Fed independence. In a statement released Friday, the Fed said Kugler’s resignation will take effect on Aug. 8. While she did not provide a specific reason for her departure, the central bank noted she plans to return to her academic post at Georgetown University. Her term had been scheduled to end in January. “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.” Read more -
Cointelegraph.com - 20:00 Aug 01, 2025
As physical gold hits record highs, Tether Gold’s (XAUt) market cap surges past $800 million, while Bitcoin treasury firm Twenty One Capital expands holdings. While Bitcoin (BTC) is often described as digital gold, a tokenized commodity offering direct exposure to the physical metal is quietly gaining traction. By the end of the second quarter, Tether Gold (XAUt) — a tokenized asset issued by the stablecoin provider behind USDt — was backed by 7.66 tons of gold, according to the company’s latest attestation report. The reserve supports more than 259,000 XAUt tokens in circulation, giving the asset a total market value of over $800 million. The rise of Tether Gold reflects a broader surge in demand for physical bullion, which has hit multiple record highs this year amid renewed inflation concerns and market unease driven by the White House’s tariff agenda. Read more -
Cointelegraph.com - 19:37 Aug 01, 2025
OpenAI’s latest funding round, which values the company at $300 billion, was five times oversubscribed amid surging investor demand for AI, according to The New York Times. OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March. According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank. The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion, the Times said. OpenAI prioritized new strategic investors over existing backers, frustrating some investors who received smaller allocations than they hoped for. Read more -
Cointelegraph.com - 18:55 Aug 01, 2025
Gemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where it doesn’t. Gemini is now used by crypto traders to monitor market catalysts and breaking news in real time. The Gemini Pro version’s longer context window and web access boost its usefulness for macro and sentiment tracking. It lacks native support for charts, portfolios or backtesting; traders still need external tools. Read more -
Cointelegraph.com - 18:52 Aug 01, 2025
The value of Bitcoin has grown substantially since the BTC community asserted independence from miner domination on Aug. 1, 2017. August 1 marks the eighth anniversary of a key moment in Bitcoin’s (BTC) history — the initial activation of Segregated Witness (SegWit) in 2017, a key software upgrade that reshaped the network’s future and triggered a hard fork. The move, known as “Bitcoin Independence Day,” reduced miner influence over the protocol and led to the creation of Bitcoin Cash (BCH), highlighting the community's divisions over how Bitcoin should scale to support global use. The “block size wars” were fought between those who wanted to keep the Bitcoin block size small and “big blockers,” a coalition of miners and businesses that wanted to include more transactions in each block to make BTC suitable for everyday payments and commercial transactions. Read more -
Cointelegraph.com - 18:30 Aug 01, 2025
Bitcoin derivatives data shows no evidence the 2025 bull run is over despite BTC price sliding to lower support levels below $115,000. Key takeaways: BTC options signals caution but not an outright bearish market shift. Bitcoin ETF outflows and futures premiums show neutral-to-bearish sentiment, but no panic. Read more -
Cointelegraph.com - 18:00 Aug 01, 2025
Ethereum’s 10th anniversary celebration was marked by an uptick in institutional demand for Ether as an alternative treasury reserve asset, prompting Wall Street to look past Bitcoin. Ethereum’s 10th anniversary was marked by a significant milestone in terms of institutional crypto adoption, as cryptocurrency treasury firms surpassed $100 billion in collective investments on Thursday. Ethereum’s 10th birthday brought renewed corporate interest in Ether (ETH), which saw the 10 largest corporate crypto treasury firms amass over 1% of the total Ether supply since the beginning of June, according to a Tuesday report by Standard Chartered. The bank predicted that corporations will eventually hold 10% of the total Ether supply, which may see the world’s second-largest cryptocurrency surpass the bank’s year-end target price of $4,000 per Ether. Read more -
Cointelegraph.com - 17:21 Aug 01, 2025
XRP’s $2.80–$2.95 support zone is emerging as a key battleground, with analysts calling it a critical “make-or-break” price level for the next month. Key takeaways: At least two classic technical patterns are flashing bullish reversal signals on XRP’s charts. $2.80–$2.95 remains a key support zone, with analysts calling it a “make-or-break” level. Read more -
Cointelegraph.com - 17:03 Aug 01, 2025
Gate enters the US market with spot trading as regulatory landscape shows signs of progress. Crypto exchange Gate is launching in the United States, offering spot trading services to US customers for the first time. Founded in 2013 by Chinese scientist Lin Han, the company cited improved regulatory clarity in the country as the reason behind the move. According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. As of July 24, the exchange offered over 3,800 trading pairs on its platform, one of the largest asset varieties in the market. Spot trading volume on Gate reached $6.8 billion in the past 24-hours, according to CoinMarketCap. Read more
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